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GOT IT WORKING ALL MAGIC V (5) 50k
ok, for anyone else that has put this MAGIC 5 50K chip in their ps2, here is the boot procedure for non ps2 discs, ie dvd movies, and dvd r movies and ps1 games
• To play all kinds of PS2 games (CD silver/CD-R/DVD Silver/DVD-R/DVD9 All regions), put the PS2 into Standby Mode (red light) and press EJECT to open the disk tray. Insert the game into the disc tray and press EJECT or RESET to close the tray and boot the game.
• To play all kinds of PS1 Games (CD silver/CD-R All regions)and DVD Movies, put the PS2 into Standby Mode Red light). Press and hold EJECT for at least 2 seconds to open the disc tray. Insert the PS1 Game or DVD Movie into the disc tray and press EJECT to close the tray. You can also tap RESET and the PS2 will remain in this mode and boot the game.
• To disable the Modchip Function (Sleep Mode), put the system into Standby Mode (red light). Press and hold EJECT for at least 5 seconds to open the disc tray. Insert the game or DVD Movie into the disc tray and press EJECT to close the tray. You can also tap RESET and the PS2 will remain in Sleep Mode and boot in-region original games and DVD Movies. (The game or DVD Movie must be the same as the PS2 Region). The Magic V 50K Modchip is disabled until it has been put back into Standby Mode and will boot normally.
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